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29267 Summerset, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath

29267 Summerset, Menifee, California 92586 home-pic-0
ACTIVE$399,900
29267 Summerset, Menifee, California 92586
3Beds
2Baths
1,408Sqft
7,405Lot
Year Built
1989
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
SW25240770
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood

About this home

Great Deal:The estimated price is 6% above the list price. We found 3 Cons,5 Pros. Rank: price - $399.9K(47th), sqft - 1408(56th), beds - 3(58th), baths - 2(50th).

Charming 3-Bedroom Home in 55+ Community – No HOA & Super Low Taxes! This adorable 3-bedroom, 2-bath home is priced to sell quickly, so schedule your showing today before it's gone! Located in a quiet and friendly 55+ community with NO HOA fees and ultra-low taxes, this property offers incredible value and comfort. As you arrive, you're welcomed by a beautifully manicured front yard with low-maintenance landscaping. Inside, the thoughtfully designed floor plan offers generous living space, featuring vaulted ceilings, wood flooring in the main living areas, and a separate living room perfect for relaxing or entertaining. The spacious kitchen is a chef’s dream with granite countertops, abundant cabinet space, and both a casual dining nook and formal dining area. The large primary suite includes a walk-in closet, dual vanities, and a private ensuite bath. Two additional bedrooms are generously sized and share a full hallway bathroom with tile flooring. Additional highlights include a 2-car garage with ample storage, a tankless water heater for instant hot water, and a private backyard with a large patio cover, hardscaping, and full wood fencing—ideal for relaxing or entertaining guests. Conveniently located near shopping, dining, hospitals, and the Menifee Marketplace, with easy access to the 15 and 215 freeways. Don’t miss your opportunity to own this gem—schedule your tour today!

Nearby schools

7/10
Ridgemoor Elementary School
Public,•K-5•1.1mi
3/10
Freedom Crest Elementary School
Public,•K-5•2.5mi
5/10
Hans Christensen Middle School
Public,•6-8•1.9mi
6/10
Menifee Valley Middle School
Public,•6-8•2.8mi
4/10
Ethan A Chase Middle School
Public,•6-8•3.4mi
2/10
Pinacate Middle School
Public,•7-8•5.2mi
7/10
Paloma Valley High School
Public,•9-12•2.2mi
4/10
Heritage High School
Public,•9-12•4.8mi

Price History

Date
Event
Price
10/17/25
Listing
$399,900
Condition Rating
Fair
The property, built in 1989 (35 years old), is well-maintained and move-in ready, but the kitchen and bathrooms are significantly dated in style. While the kitchen features granite countertops, the medium-toned wood cabinets, speckled granite pattern, and older black appliances (range/microwave) suggest a renovation that is 15-25+ years old, not recent. The bathrooms also feature dated light wood vanities and standard tile work, consistent with original construction or an older renovation. The wood flooring in main areas and carpets in bedrooms appear clean and functional. Overall, the home is aged but maintained, with major components functional but showing signs of being outdated, fitting the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Financial Value: The property boasts no HOA fees and ultra-low taxes, significantly reducing the cost of ownership and enhancing its long-term financial appeal.
Desirable 55+ Community: Located in a quiet and friendly 55+ community, it caters specifically to active adults seeking a peaceful, age-restricted environment.
Enhanced Interior Features: The home offers vaulted ceilings, wood flooring in main living areas, a spacious kitchen with granite countertops, and a modern tankless water heater, contributing to comfort and functionality.
Well-Maintained Outdoor Spaces: Features a beautifully manicured, low-maintenance front yard and a private backyard with a large patio cover, hardscaping, and full wood fencing, ideal for relaxation and entertaining.
Convenient Location & Accessibility: Strategically located near essential amenities including shopping, dining, hospitals, Menifee Marketplace, and offers easy access to the 15 and 215 freeways.

Cons

Property Age: Built in 1989, the home is over 30 years old, which may imply that some major systems (e.g., HVAC, roof) could be nearing the end of their lifespan or require future updates not explicitly mentioned.
Restricted Buyer Pool: As a 55+ community property, the target market is limited to a specific demographic, potentially affecting market demand and resale velocity compared to unrestricted homes.
Modest Square Footage: With 1408 sqft, the home offers a more compact living space, which might be a drawback for buyers seeking larger residences or additional room for guests/hobbies.

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